USAPonzi-The Biggest Ponzi Scheme on the Planet-The U.S. Government

                    Copyright Declaration                                                                                                                                       John W. White    March 29, 2013

GM-Wall Street Fooled by US Gov Fraud 211027
October 27, 2021
Emailed to United Nations, Fed Chair Jay Powell, Minneapolis Fed President Neel Kashkari, Dallas Fed President Robert Kaplan, Congressman Van Taylor, Congressman Colin Allred, Senator John Cornyn, Senator Ted Cruz, The U.S. SEC, NYT/WSJ/WP/CNBC/DMN on 10/27/21


GM must stop making cars!


GM and Wall Street have been fooled by the corrupt U.S. Government! The U.S. Government is “cooking the books” by operating its fiscal policy with cash accounting rather than proper accrual accounting!


The corrupt U.S. Goverment has fraudulently borrowed $158.1 Trillion of counterfeit money from the future Americans so Planet Earth can buy a whole-hell-of-a-lot of cars with monopoly money!


GM reported beats on the top and bottom line this morning because all of the car manufacturers are selling all of the cars they can make because the corrupt U.S. Government is printing an infinite amount of counterfeit money by borrowing it from the future Americans so everybody on the planet can have a car or two or three and charge them all to the future Americans!


CNBC
AUTOS
GM beats Wall Street’s third-quarter estimates, guides toward ‘high end’ of 2021 earnings forecast
OCT 27 2021
Michael Wayland


DETROIT – General Motors on Wednesday topped Wall Street’s earnings and revenue estimates for the third quarter, while telling investors its full-year results would be at the “high end” of its previous guidance.


The third-quarter was expected to be a rougher one than the first half of the year for GM. Analysts, however, said they expect relatively solid results, despite a global shortage of semiconductor chips that has depleted vehicle inventories and shuttered plants.

 
Here’s how GM performed, compared with analysts estimates as compiled by Refinitiv:

--Adjusted earnings: $1.52 a share vs. 96 cents a share estimate
--Revenue: $26.78 billion vs. $26.51 billion estimate
--GM’s previously told investors it would earn between $11.5 billion and $13.5 billion on an adjusted basis, or $5.70 to $6.70 a share and between $8.1 billion and $9.6 billion on an unadjusted basis.


“Our third-quarter 2021 results clearly illustrate the strength of the underlying business that is funding our future, especially when you put them in the context of the calendar year,” GM CEO and Chair Mary Barra said Wednesday in a letter to shareholders.



GM  management is stupid for building all of these cars! 


Wall Street is stupid for valuing GM at $80.52 Billion when it is worth essentially nothing!


Planet Earth is buying an infinite number of cars with the infinite amount of counterfeit money that the corrupt U.S. Government is fraudulently borrowing from the future Americans and giving to the U.S. upper class!


The U.S. Government is stupid, incompetent, corrupt, and criminal by “cooking the books”!


The corrupt U.S. Government is stupidly operating its fiscal policy with cash accounting rather than proper accrual accounting!


The corrupt U.S. Government has gotten Planet Earth into a real pickle by making a stupid decision to “cook the books”!


Stupid

having or showing a great lack of intelligence or common sense.


Stupid is a harsh and critical word but the corrupt U.S. Government is stupidly causing Planet Earth to do and experience some really stupid even disastrous things! As an example, it is stupid and criminal for the corrupt U.S. Government to promise future benefits to the U.S. general public and not accrue the money to pay for these future benefits! As another example, it is stupid and criminal for the corrupt U.S. Government to burn up Planet Earth!


The corrupt U.S. Government has fraudulently borrowed $158.1 Trillion of counterfeit money from the future Americans and given it to the U.S. upper class so the current Americans and people all over Planet Earth can buy a whole-hell-of-a-lot of cars and charge them all to the future Americans!


Planet Earth has been buying cars with monopoly money since 1969 and the corrupt U.S. Government prints more monopoly money every day with ongoing GAAP basis deficit spending!


GM and Wall Street
have been fooled by this accounting fraud!


Wall Street has not yet discovered how the corrupt U.S. Government is pulling off this accounting trick!


The U.S. Government is corrupt and criminal by promising future benefits to the U.S. general public and not taxing the
U.S. upper class to pay for these future benefits!


Wall Street and GM are foolish and incompetent for not recognizing the fact that the corrupt U.S. Government is stupid, incompetent and criminal!


This is stupidity! This is stupidity on steroids!


GM's revenue, profit, and market cap will all plummet to essentially zero when this U.S. Government incompetence, corruption, and criminality is properly exposed and we have to start buying our cars with real money!


I am a whistleblower! The U.S. Government is corrupt! The corrupt U.S. Government is “cooking the books”!


The corrupt U.S. Government is committing a fiscal and accounting fraud, I call it USAPonzi, by not operating its fiscal policy with proper accrual accounting! The corrupt U.S. Government has fraudulently borrowed $158.1 Trillion (US Unfunded Liabilities (GAAP)) from the future Americans and given it to the U.S. upper class by undertaxing them so the current Americans can buy a whole-hell-of-a-lot of cars with monopoly money!


The corrupt U.S. Government is not operating its fiscal policy with proper accrual accounting (GAAP Accounting) and as a result is running a classic Ponzi scheme, I call it USAPonzi, that is in the process of printing an infinite amount of counterfeit money, I call it imaginary-counterfeit money, by fraudulently borrowing it from the future Americans, money the future Americans do not have, and giving it to the U.S. upper class by undertaxing them!


This fraud was started in 1969 when a scoundrel, Lyndon Baines Johnson, proposed and the corrupt U.S. Congress approved the Unified Budget but did not switch from Cash Accounting to GAAP Accounting that would properly accrue the money to pay future U.S. Government benefits to the U.S. general public!


The following chart shows how the corrupt U.S. Government started fraudulently borrowing imaginary-counterfeit money from the future Americans in 1969 and, so far, has fraudulently borrowed $158.1 Trillion and given it to the U.S. upper class!


This chart also gives a graphical projection of how the corrupt U.S. Government, with the current Ponzi scheme fiscal policy, could fraudulently borrow over a Quadrillion dollars (a thousand Trillion dollars) of imaginary-counterfeit money from the future Americans by 2041 and give it to the U.S. upper class so the entire planet can buy a whole-hell-of-a-lot more cars with a Quadrillion dollars of imaginary-counterfeit money!






My 16th whistleblower letter to my congressman Van Taylor 211012 explains the epic financial, economic, physical, and humanitarian disaster that is just ahead for Planet Earth because of the corruption within the U.S. Government!


The fools on Wall Street have been fooled by the criminals in Washington! In the defense of Wall Street, the corrupt U.S. Government may have fooled itself! We do not yet know if the people in the U.S. Government are accidental fools or intentional criminals! I suggest that we have some of each but they are all criminals whether they know it or not!

 

US National Debt  $28.9 Trillion 
Cash Deficit in FY2022  $3.00 Trillion 
GAAP Deficit in FY2022 
$7.30 Trillion 
US Unfunded Future Liabilities  $129.2 Trillion 
US Unfunded Liabilities (GAAP)  $158.1 Trillion 
Imaginary-Counterfeit Money 
$158.1 Trillion 
US Total National Assets 

$200.7 Trillion 

Source: www.usdebtclock.org October 27 2021


I have written two websites (www.usaponzi.net and www.usaponzi.com) and eight books that explain USAPonzi and the impact it is having on Planet Earth. My latest book (USAPonziE) is available on Amazon and can be downloaded from my websites in pdf format.


My commentary Fed-Asleep At The Switch 210901 gives a summary of the issues that this Ponzi scheme/accounting fraud is causing!


John W. White

Plano, TX